Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications
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Oracle 1z1-495 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Compensation Workflows and Approvals | - Approval Rules - Workflow Configuration |
| Topic 2: Compensation Foundations in Oracle Fusion HCM | - Role of Compensation in HCM Cloud - Overview of Compensation Structures |
| Topic 3: Salary and Bonus Management | - Salary Administration - Bonus and Incentive Plans |
| Topic 4: Reporting and Analysis | - Analytics in Fusion HCM Compensation - Compensation Reporting |
| Topic 5: Compensation Setup and Configuration | - Eligibility Profiles - Manage Compensation Plans - Salary Basis and Grades |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
While configuring a plan cycle, you have set the Worksheet update start and end dates as 15-Apr2014 and 31-May-2014, respectively. However, when a manager logs into the workforce compensation area on 5-Apr-2014, he is able to see the active plan, but in read-only mode.
What could be the possible reason for this?
- A. Active plans are always shown in read-only mode from the Evaluation period start date, which is always prior to the Worksheet update date.
- B. Active plans are always shown in read-only mode from the Plan Access start date, which (s generally prior to the Worksheet update date.
- C. Active plans are always shown in read-only mode once it is past the eligibility determination date.
- D. Active plans are always shown in read-only mode until the Worksheet update period starts.
Correct Answer: D 🗳️
Your client's organization is a multi-country organization with headquarters in the US. All employees are covered under global compensation plan. However, the managers in each country wants to administer compensation in their country's respective currency. How would you enable this feature?
- A. Set the preferred currency in the worksheet
- B. Use fast formula to display the employee currency using conversion rates
- C. Enable currency switching
- D. Display the corporate currency
Correct Answer: C 🗳️
A corporation implemented Oracle Fusion Compensation Management. A salary bas/s has been created and attached to the employee and a compensation cycle has been run. The corporation wants to include a new component as part of the salary basis.
Which three are predefined components?
- A. Equity adjustment to correct salary compression or inversion
- B. Regular and automatic adjustment
- C. Adjustment due to corrections within the organization
- D. Market adjustment due to salary being out of line with the market
Correct Answer: B,C,D 🗳️
A Corporation has implemented Oracle Fusion Compensation for a manufacturing client.
Which is the building block used in the calculation of deductions and exemptions?
- A. Deduction range groups
- B. Deduction ranges
- C. Deduction overrides
- D. Deduction range Values
Correct Answer: A 🗳️
You have created a Compensation Plan and configured the plan details. However, when you try to runthe "Start Compensation Cycle" process, you are not able to see the plan you created in the ilk that appear.
Which three options could be possible reasons for this?
- A. Access to the Compensation Administrator role is restricted in Plan Access.
- B. Your user role does not have access to view the plan.
- C. The Compensation Administrator or equivalent role is not attached to your plan.
- D. Restrict Plan access is set to "NO"; however, the roles that are allowed are not specified.
- E. Restrict Plan access is set to "YFS" and the Compensation Administrator role is added to the list of roles in "Plan access from Compensation work area."
Correct Answer: A,B,E 🗳️
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